For Sale
$2,275,000
4651 Butler Ave Farmington, NM 87401
High-yield NNN retail investment.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 139
Highlights
- Rare 5% rent increases every 5 years.
- 6.83% initial term average yield.
- New 2024 build-to-suit construction.
- New large-format "Plus" Dollar General store.
- New 15-year NNN lease with five 5-year options.
- 5-mile population of 47,852.
Property Details for 4651 Butler Ave
- Property type
- Retail properties, Retail space
- Square Feet
- 10,640 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 74,052 SF
Location Insight
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Latitude
- 36.76972795
- Longitude
- -108.18587865
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN retail investment.
- Where is the retail property located?
- The property is located at 4651 Butler Ave Farmington, NM.
- What is the asking price?
- The asking price for this property is $2,275,000.
- What are key features of this property?
- This property features: Rare 5% rent increases every 5 years.; 6.83% initial term average yield.; New 2024 build-to-suit construction.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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